BRC (NYSE:BRCC) Director Acquires $112,500.00 in Stock

BRC Inc. (NYSE:BRCC) Director Steven Taslitz acquired 150,000 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was purchased at an average cost of $0.75 per share, with a total value of $112,500.00. Following the completion of the purchase, the director directly owned 601,184 shares of the company’s stock, valued at approximately $450,888. This represents a 33.25% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BRC Trading Up 13.1%

NYSE BRCC traded up $0.10 during trading on Monday, hitting $0.89. The stock had a trading volume of 1,817,090 shares, compared to its average volume of 1,179,999. The company has a quick ratio of 0.67, a current ratio of 1.32 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $220.42 million, a PE ratio of -6.34 and a beta of 0.94. The firm has a 50 day moving average price of $0.86 and a 200 day moving average price of $1.20. BRC Inc. has a twelve month low of $0.60 and a twelve month high of $2.40.

BRC (NYSE:BRCC) last announced its quarterly earnings data on Monday, March 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $112.74 million during the quarter. BRC had a negative net margin of 2.99% and a negative return on equity of 21.46%. As a group, equities research analysts forecast that BRC Inc. will post -0.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BRCC. Telsey Advisory Group restated an “outperform” rating and issued a $2.50 price target on shares of BRC in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of BRC in a report on Wednesday, January 21st. Finally, DA Davidson set a $2.50 price objective on shares of BRC in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.33.

Institutional Investors Weigh In On BRC

Institutional investors and hedge funds have recently modified their holdings of the company. Kestra Private Wealth Services LLC acquired a new stake in BRC in the fourth quarter valued at $26,000. Engineers Gate Manager LP acquired a new position in shares of BRC during the 2nd quarter worth approximately $27,000. CWM LLC increased its position in BRC by 63.3% during the third quarter. CWM LLC now owns 18,616 shares of the company’s stock worth $29,000 after buying an additional 7,215 shares in the last quarter. Virtu Financial LLC boosted its stake in shares of BRC by 82.2% during the third quarter. Virtu Financial LLC now owns 21,037 shares of the company’s stock valued at $33,000 after acquiring an additional 9,492 shares during the last quarter. Finally, Invesco Ltd. raised its stake in BRC by 96.1% in the 4th quarter. Invesco Ltd. now owns 30,140 shares of the company’s stock valued at $33,000 after purchasing an additional 14,769 shares during the last quarter. Institutional investors and hedge funds own 16.29% of the company’s stock.

BRC Company Profile

Black Rifle Coffee Company, Inc is a veteran-owned specialty coffee roaster and retailer that offers a range of coffee products, merchandise and subscription services. The company sources, roasts and distributes its own blends and single-origin coffees, as well as ready-to-drink beverages and branded apparel. Its product lineup includes whole-bean and ground coffees, cold brew concentrates, K-cup pods and limited-edition small-batch offerings designed to appeal to active lifestyle and patriotic consumers.

Founded in 2014 by U.S.